Latest / Simply Bitcoin / Michael Saylor's Bitcoin Strategy VINDICATED | EP 731

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Michael Saylor's Bitcoin Strategy VINDICATED | EP 731 · Simply Bitcoin

0:13
Yo welcome to another episode of Simply Bitcoin live.
0:16
Your number one source for the peaceful Bitcoin Revolution
0:19
code. Breaking news culture medic
0:20
Warfare. We will be your guide through
0:22
the separation of money and state Michael sailor Vindicated
0:28
hee hee they just had their quarterly report to see if
0:33
they're profitable how they were doing and it blew everybody out
0:39
of the water in terms of expectations, right?
0:43
And a key point to that was the Bitcoin strategy microstrategy
0:50
has so much Bitcoin that at this point.
0:52
It's behaving like a Bitcoin ETF.
0:54
Now for the you know the during the the depths of the latest
0:59
bear Market where we hit you know 15 16 K right A lot of
1:04
people were questioning is strategy not only Michael sailor
1:06
but they are also questioning name bouquet Lee and I'm
1:09
buchelli strategy as well. Well now that I think we're
1:14
going toward we're getting out of the, you know, supposedly
1:21
maybe we're out of the worst part and we are if Bitcoin is
1:26
still following its historical Cycles we're beginning and this
1:29
is dr. Jeff Ross said this yesterday we
1:32
are in the very beginnings of the next bull market, right?
1:35
But the first year of the next of the first of the beginning of
1:39
the bull markets are always kind of slow, right?
1:42
So I think Over the next three years microstrategy's
1:46
microstrategy's Bitcoin strategy is going to continue to be
1:51
Vindicated and I think just because of Market forces that's
1:55
going to get other questions that that's going to get other
1:58
companies. Other public companies to start
2:01
looking into Bitcoin and perhaps say, maybe it's not a bad idea
2:06
to put this on our treasury. So very, very exciting stuff.
2:10
Also breaking news from the White House, we're not going to
2:13
In depth into it today. It's become very clear.
2:19
The B Administration does not like Bitcoin, okay?
2:23
In the presidential economic report which they release on a
2:26
yearly basis, it was released either a couple weeks ago or a
2:30
month ago. They dedicated an entire segment
2:32
like 20 pages of that report making the case as to why
2:36
Central Banking is necessary. Why Central Bank digital
2:39
currencies are the future and bashing Bitcoin at the same
2:42
time, right? That was really the first time
2:45
that they took a direct. Jab.
2:47
Well, now the second time happened in that was yesterday,
2:50
they made an announcement that they proposed, a 30 percent tax
2:56
on all Bitcoin proof-of-work. The majority of which is
3:00
Bitcoin, of course, 30 percent tax on proof-of-work mining in
3:04
the United States, which would basically kill the industry.
3:08
Would it make it profitable, right?
3:11
And I think that's what they want, right?
3:12
And then tie the tie that up with operation choke point 2.0
3:17
And there you go, right? So very interesting stuff, but
3:23
before we start the show, I want to bring up my legendary
3:26
co-host. Always optimistic how you doing
3:28
Opti? How you feeling this morning?
3:30
Well, I got some much-needed rest last night.
3:32
I think I was in bed by like 8:30, right.
3:35
As this whole news broke last night and I had to, I had to do
3:38
not disturb my phone, so I can get some sleep.
3:40
But man, as I was passing out last night Nika, you're going
3:45
ham on Twitter. I was I was pretty pissed off.
3:48
I was kind of livid about it. Is it really just makes you
3:53
wonder what what country we live in and but we'll save that for
3:57
tomorrow and you know, shouts out to sailor apparently.
4:03
He seems to be the only one making smart moves out here in
4:06
regards to holding Bitcoin on their balance sheet.
4:10
But anyways on today's culture we got a Heinrich from Ellen
4:14
Capital so we're going to talk about all things Island.
4:16
Capital talk about what he's building, what he's working on.
4:19
So let's just bring them in. What's up, Henry?
4:21
How you doing today? Hi-ho good.
4:23
Are you wonderful, bro? Wonderful happy to have.
4:28
You happy to have you on the show?
4:29
What are we going to talk about during the culture segment Opti?
4:31
I just said it, bro. We're talking about what Henry's
4:33
working on Ellen Capital 27? Well is Ellen Capital, think
4:36
service providers lightning service provider.
4:41
All right, we got to build on that second layer.
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All right, everybody, let's let's start the show.
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going down, 1.75 percent and the market capitalization of Bitcoin
7:07
548 billion dollars with Abby. Anyways, I want to talk about
7:13
the breaking news that happened yesterday.
7:15
But first, I want to give a little bit of Tax because this
7:18
this should not have caught anyone by surprise specially.
7:21
If you guys have been tuning in to Simply Bitcoin, this has been
7:24
a developing story for quite a while now.
7:27
Right. It started with the Rumblings
7:30
right? That we actually picked it up on
7:33
simply Bitcoin, but I think Nick Carter were two great pre a
7:36
great piece that really laid out the multiple moves that the B
7:41
Administration made in the hopes of isolating the industry, but
7:46
they escalated it right. Those Kind of I wouldn't call
7:48
them shadow moves but they were moves that they weren't also
7:51
acknowledging. They're saying no we're not
7:53
doing that. You're crazy.
7:54
What are you talking about? But really in the last two
7:57
months, they've gone out and made their position, very clear.
8:02
The first thing that they did was the, the the report that was
8:09
released, here's a coin. Des article that talks about it
8:12
for a little bit just to provide context before we play you guys
8:14
a video. It says the B Administration
8:16
took aim at Bitcoin and shit coins.
8:18
And a new report arguing that many aspects of the digital
8:21
asset ecosystem, are creating issues for consumers, the
8:24
financial system. And the environment, the quote
8:28
economic report of the president published on Monday.
8:31
And the, the date of this article is March 21st is an
8:36
annual publication by the Council of economic, advisers
8:38
aimed at explaining the president's economic priorities
8:41
and principles. The March 20 23 issue included
8:45
an entire chapter on Assets and quote economic principles and
8:50
what were those economic principles, those economic
8:53
principles in the in the eyes of the current Administration is
8:57
the necessity of Central Banking and the necessity of Central
9:00
Bank. Digital currencies.
9:02
Well, it escalated even more and this is what came out.
9:06
This is what came out yesterday. We're going to spend tomorrow's
9:08
episode completely on this B administered.
9:12
By an Administration proposes, a 30% climate change tax.
9:17
On cryptocurrency mining. Why is that tax not applied on
9:22
lithium mining or on gold mining?
9:25
Why is it specifically on Bitcoin?
9:28
Mining will connect the dots If people have an ability to choose
9:34
between Bitcoin and a central bank, digital currency, what do
9:37
you think they're going to choose?
9:39
Well, obviously they're gonna go and they're going to choose the,
9:44
the currency the unit of account that has better incentives.
9:47
Now, the good news though, is that, you know, the awesome part
9:51
about the u.s. Opti and I are not quite at,
9:55
okay, we're getting out of there.
9:56
Moving to El Salvador, still in the holding it down phase.
9:59
But the awesome part about the u.s. is the Individual
10:02
sovereignty of the states, right?
10:04
So, clearly, the federal government is taking a specific
10:07
sense, Pro Central Bank, digital currency.
10:09
Now, the good news is though that individual states are
10:13
taking an anti Central Bank, digital currency stands, and
10:17
they're actually taking a pro. I hate Pro crypto, but all we're
10:22
all roads lead to bitcoin, right?
10:24
The cryptos are inherently centralized.
10:25
Meaning that they will inevitably be co-opted by
10:28
government. You have to have something that
10:30
is truly. Centralized.
10:32
The only one, which is Bitcoin right now.
10:36
You had that Announcement by Biden and around the same time
10:40
you had Governor Ron DeSantis of Florida and he had some thoughts
10:44
on Central Bank, digital currencies.
10:46
Let's take a let's take a listen The danger of the digital
10:51
currency is that one. They want to make that the sole
10:55
currency. They want to get rid of crypto,
10:57
which my view is, is like if you want to invest in crypto, it's
11:00
up to you. You can do it.
11:01
I mean, like, you can make those decisions, but they don't like
11:04
crypto because they can't control crypto.
11:07
So, they want to put everything in a central bank, digital
11:09
currency. And I guarantee you, if they're
11:12
able to ever get away with that, they will impose ESG and social
11:17
credit scores on to that And that's going to be a huge
11:20
reduction in Freedom for people in this country.
11:24
And so what we've said we're going to say in Florida is
11:27
there. They haven't done it yet.
11:29
I don't think Congress would authorize it but if the fed or
11:33
the treasury tries to do, it unilaterally in Florida, will
11:37
have a Prohibition against that. And I think that that's ensuring
11:41
your financial Independence and making sure that we don't have a
11:44
financial surveillance state where they know every
11:47
transaction that that you're making.
11:48
I think that That's fundamentally wrong.
11:50
So we are recognizing the dangers with this agenda.
11:56
That wasn't a Bitcoin or saying that, that wasn't simply Bitcoin
11:59
saying that that was the governor of a very big state
12:05
saying the quiet part out loud. They want, they hate Bitcoin and
12:09
should coins because they can't control them.
12:12
And they want people using a money of which they can control.
12:15
And not to mention, he said the quiet part out loud, he just
12:19
went straight into the social credit system, which is a theory
12:23
that we've been saying this for years.
12:26
Now, at this point, but I'm glad that it's being brought up to
12:31
this level. So, I think even with Biden
12:35
taking this stance using every excuse possible.
12:38
The environment, right? Remember the New York Times
12:41
article, what did they use? They use the environment.
12:44
Excuse? Right.
12:45
We must we must ban this because the environment.
12:48
Another question that I have is like, okay.
12:50
So what about electric cars? They use electricity to our
12:54
Bitcoin toasters. So known as Asics they don't
12:57
emit CO2 directly. So, you know, so you have a
13:02
problem with how people use electricity in the first place.
13:07
Like that, is the real issue here and we're going to get to
13:10
in tomorrow's episode is where they taking this inspiration
13:14
from. And that is very, very
13:17
interesting. But anyways, I want to get your
13:20
thoughts Opti Opti. I think we called it at this
13:23
point. We nailed it, bro.
13:27
We said it. We said it and we can't be
13:30
labeled conspiracy conspiracy theorist at this point.
13:32
If you have the governor of a state saying, well, we've been
13:35
saying for the last basically year and a half, you know, but
13:40
the majority of the show's existence, really.
13:42
So, what are your thoughts on this brother?
13:44
Well, I mean, I have you over here and this is just a summit
13:48
against Bitcoin, you're against freedom, and the more, the more,
13:53
you know, I've said in the past, the more a government Is to
13:57
Outlaw Bitcoin, the more bullish that I get and it really is a
14:01
shame that the u.s. government is being so Aunty Bitcoin from
14:07
the top down level. But I mean like you said, you
14:10
know, if you're against Bitcoin you're against Freedom like why
14:12
are we being forced to use a money that steals from us?
14:15
Why is this the norm especially in the face of all the bank
14:18
failures? The very next day, we are seeing
14:22
them roll this out, like taxing on Bitcoin mining.
14:25
Like what the hell is going on? Like this is not by accident.
14:29
I've been saying it for a while. You know we definitely were
14:32
having the naive take of like oh maybe they're just uneducated,
14:35
they don't know what they're talking about, but I think in
14:37
the face of all of this I would just say it is pure evil.
14:41
This is this is a pure ploy to control human behavior.
14:45
And you know, why is the federal government picking winners and
14:47
losers? Why are they telling us what we
14:49
can and can't use our electricity for like I thought
14:51
this was the land of the Brave and home of the free.
14:53
Like, what is going on here? This is Lee insanity and this
14:57
climate change, coal is just an excuse, like, it has nothing to
15:01
do with saving Humanity, saving planet Earth.
15:04
It's just a pure ploy to control people's behaviors, and it
15:08
absolutely pissed me off yesterday.
15:09
When I, when I heard all this stuff and I think it's just you
15:15
know, foreshadowing where we are going.
15:18
And again I know we said it's not we can't be conspiratorial
15:23
at this point but I am going to put on my tinfoil hat right now.
15:25
Now because it feels like controlled demolition.
15:28
Like, it feels like everything is happening in a way to push us
15:31
to see bdcs and stop the Escape valve which is Bitcoin like
15:35
Bitcoin is as American as apple pie Bitcoin should be endorsed
15:39
in America because aren't we, a land of freedom of letting
15:43
humans act towards their best interests.
15:45
And now we have the federal government telling us like oh
15:48
you know profitable businesses we're going to tax you more oh
15:52
businesses that are helping rural communities.
15:54
Oh we Allow this to happen anymore because of the very
15:58
thing that Ron descent is always says now is the reason they
16:02
don't like big quantity because they can't control it.
16:04
And I mean I I'm not I'm not the biggest fan of politicians.
16:07
You guys know this and I'm a bit suspect of Ron DeSantis first
16:11
and foremost, but he's saying what we say all the time it is
16:15
angling towards pushing the u.s. population towards a CBC.
16:20
And I think it's upon us to continue to call this BS out to
16:24
continue to get people to hold bit.
16:25
Coin to get Bitcoin into their hands because this is the only
16:28
way we can really stop. This is having more people hold
16:30
Bitcoin and ensuring that they understand what is going on.
16:35
Because hey, the writing on the wall, they want to control
16:39
everything about us and this is absolutely sickening, especially
16:43
as someone that's been sold on the idea of America being the
16:47
land of the free, you know, I remember what our founding
16:51
fathers fought for and it was a lot less tax and 30%.
16:55
Like I think it was what like three percent on T itself and
17:00
now they're trying to tax everything about, it's like,
17:01
it's absolutely mind-blowing. But hey, we'll go into this
17:04
tomorrow. Let's let's get Hendrix view on
17:06
this stuff. Hit load of this is as politics
17:10
in the US on? Yeah, being from Norway.
17:13
We have a quite a different sort of political system in general.
17:19
And I mean, entire country is probably much more on the left
17:23
side than anything that's As far left in the US, the reason, I
17:28
think, I mean, it's just a completely different system.
17:32
And I mean, different economy around that.
17:37
So that the level of corruption, for example, is very, very low.
17:41
So, I mean, it's yeah. I see the problem where they
17:47
start adding these taxes and all these types of regulations
17:51
without even, like, really understanding the problem.
17:55
So me, Yeah, it is problematic the entire thing.
17:57
But at the same time, like it's hard for me to comment really
18:00
in-depth on on the u.s. politics and that's because I'm not like
18:04
I'm watching all this from the outside right now.
18:07
Of course, but Heinrich, what about in Norway or is there an
18:12
initiative by the government to push Central Bank, digital
18:15
currencies? Because this is a global
18:16
phenomenon. This isn't just something
18:18
isolated to the US. Yeah, definitely.
18:21
So they are working on it and we will probably see it, not sure.
18:25
When at least a few years, but yeah, there's been a lot of
18:31
different movements. We had like, a few years back.
18:34
We had a proposed ban on northbound, but they won't
18:39
remove the electricity incentive given to all sort of data
18:43
centers, etc for running, yeah, data center with the without the
18:48
industrial, without the tax, that we normal people get and
18:53
that actually just got completely The throw them out
18:56
once there was so little water in completely and Anonymous,
19:00
actually the entire yeah everybody would.
19:04
Yes. And when it got to be
19:06
implemented, actually followed fell apart because they realize
19:08
it was basically impossible to implement in a fair manner.
19:12
So it's for example, if the remaining using 3D cards graphic
19:17
processor, instead of a 6 would it would be hard to actually
19:20
detect so it goes thrown out so there's been a lot of silly
19:24
attempts at basically It goes back to the not understanding
19:27
how this works. Yeah, yeah, exactly.
19:30
So is it, is there any pushback was there any pushback when they
19:33
try to? Because it seems very similar to
19:36
the tactics that they use in the US right where they try to D.
19:40
Basically D, incentivize the the mining of Bitcoin.
19:44
Yeah. I mean there were some respects
19:47
but at the same time the industry at that point wasn't
19:51
that big. So it was limited what they
19:55
could do. But yeah it's I mean I guess
20:00
we're a bit too. Fortunate are Norway and we
20:04
don't have the same necessarily rising up and yeah standing up
20:12
for against that and Being a hunter, gotcha.
20:16
Alright everybody, let's get to the news.
20:18
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All right, everybody go before you go on.
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Before you go on, shout out to everyone showing us love on
21:59
their. I responded to all you guys.
22:00
This morning. Really means a lot.
22:02
I'm glad you guys enjoy what we're doing.
22:05
It just felt felt good Nikka. One of my heart this morning, I
22:09
finally went through, all my, all my DM, love you guys.
22:13
Yeah, it's a same to same to me. I try to, I try to respond to
22:16
each one of you guys when I see it.
22:18
And we really, really appreciate The love and the support.
22:21
And I hope to see a lot of you guys in Miami really looking
22:24
forward to that as well. Anyways, everybody, let's talk
22:27
about Michael Sailors Vindication because that's
22:31
really what it is. It's a Vindication.
22:35
So I mean it's self-explanatory, says Michael sailor.
22:38
Since microstrategy adopted, a Bitcoin strategy for audio?
22:42
Listeners is as microstrategy out performed out performance
22:46
since adoption of Bitcoin strategy and it's a comparison,
22:49
right? So it's microstrategy's up a
22:51
hundred and sixty-six percent. And this is compared to than the
22:55
S&P 500, which is only up 24%. This is up to the NASDAQ, which
22:59
is only up 11% compared to gold, which is down two percent
23:03
compared to Silver, which is down 11% compared to bonds.
23:06
It's Dad's down, sixteen percent.
23:08
What about the Fang stocks? Right at?
23:10
What about the tech stocks? Well, microstrategy's up a
23:12
hundred and sixty-six percent compared to apple, which is only
23:16
up 51 percent compared to micro Microsoft, which is only up 48
23:19
percent. To Google, which is only up. 45%
23:23
metas down, 9%, Netflix is down. 32% Amazon is down 33 percent.
23:29
Also, Oracle oracle's killing it up 72 percent, but it's still
23:33
less than microstrategy's a hundred and sixty-six percent.
23:36
And this is the power, and this is, I think what, Michael
23:39
Sailors the point that he's trying to make is the power of
23:44
adding Bitcoin to your treasury, right?
23:48
And I think over time I'm what you're going to see because I'm
23:51
looking at these numbers, right? And it reminds me of a very of
23:55
one of my favorite websites which is priced in Bitcoin,
23:58
right? And it kind of tells the same
24:00
story, right? Price and Bitcoin over a six
24:03
over a three year period, the dollar is down 68 percent over a
24:08
five year, period, it's down 65 percent, right?
24:11
And The Story Goes On, The my SMP is down, 54 percent, medium
24:16
house and housing prices. At least in Florida have gone up
24:19
like Percent or like 100%. And the last 23 years alone
24:23
really since they started you know, printing money like crazy
24:27
Bitcoin, it's house is still 51 percent cheaper.
24:31
If you've been operating on a Bitcoin standard, right is very
24:34
similar, it's interesting how it's kind of similar I think
24:38
over time just like then, mama venmo just like PayPal, just
24:44
like not cash app but Robin Hood was forced to add the Capability
24:50
of people to withdraw from their platform.
24:53
They were forced to do that because of Market forces, I
24:57
think the market forces are going to force, other companies
25:00
to really, take a serious look at Bitcoin as being, a something
25:04
great to have on their Treasury. And I think, you know, these are
25:08
public companies, so they adhere to their shareholders.
25:11
So whatever type of ideological beliefs that they have against
25:15
Bitcoin that goes out the window, right?
25:17
They have to perform and if microstrategy is Outperforming
25:21
this much because they took on a Bitcoin strategy is going to be
25:24
very difficult for other companies to ignore that, right?
25:29
And here is a, the Bloomberg article that was talking about
25:32
this as microstrategy post profit on benefit tied to
25:35
bitcoin stash. It goes on to say microstrategy
25:37
the enterprise software maker better known as the largest
25:40
public holder of Bitcoin. Posted its first profit and 9/4
25:44
ever registering a tax benefit related to its hoard of the of
25:47
the cryptocurrency, the Tysons Corner Virginia based.
25:50
Company controlled controlled by Bitcoin Advocate.
25:52
Michael sailor, had net income of 4461 million dollars compared
25:58
with the loss a year earlier. During the recent quarter, the
26:01
72 percent rise in the price of Bitcoin allowed microstrategy to
26:05
basically reduce a reserve related to earlier.
26:07
Large impairment charges for the cryptocurrency resulting in a
26:11
one-time tax benefit of 453 million dollars revenue from the
26:16
software business Rose. Two-point-two percent to 121.
26:20
In dollars beating the 119 million dollar estimate that
26:23
analysts surveyed by Bloomberg expected.
26:26
The company took an impairment charge on the digital asset of
26:29
18.9 million for the three months.
26:31
Ended in March 31st, sailor began buying Bitcoin in 2020 to
26:37
reduce the company's Holdings of cash.
26:39
Before the before of the eroding threat of inflation, by the end
26:43
of March microstrategy held a total cache of 140,000 Bitcoin.
26:49
According to his Initials the company spent around 179 million
26:53
dollars to add seven 7500, Bitcoin in the quarter.
26:58
And here is a video of Michael sailor being interviewed on, CNN
27:02
NBC. And they had some questions
27:04
about that. Let's check it out and then
27:05
we'll talk about it. So let's talk a little bit about
27:10
earnings because in your core software business software,
27:13
licenses Revenue climb 23% subscription Services Revenue,
27:16
46 percent, but really the focus from the market as per usual,
27:21
since microstrategy is the largest publicly traded holder
27:25
of Bitcoin. Is the fact that your impairment
27:27
loss for Bitcoin was so much smaller than it has been in
27:29
recent quarters, walk me through the results and the flywheel
27:33
between these two companies within the company.
27:36
Sure. We have progressively built up a
27:40
Bitcoin position up to 140,000 Bitcoin, over the past two and a
27:44
half years, when Bitcoin traded from six to six thousand, all
27:48
the way down to 16,000. We took an impairment loss and
27:53
in the course of the last 12 weeks that Bitcoin position has
27:56
traded up to billion dollars in fair market value.
28:00
So, of course, when it's trading down, there are tax consequences
28:04
and indefinite tangible write-offs.
28:05
But when it straight, Ting up, we get we reverse some of the
28:09
tax accounting. Indefinite an intangible
28:13
treatment hasn't changed any but I think the short of it is the
28:16
software business is very stable and it's a cash cow and we use
28:21
it to pay our interest on our debt and to acquire more
28:24
Bitcoin. And the Bitcoin itself is is our
28:28
belief that Bitcoin is the ultimate Digital scarcity
28:32
Network. And because Bitcoin has been
28:34
moving up about fifty percent a year on Average over the last
28:37
three years, the real key with Bitcoin is just to be able to
28:40
hold onto it and stomach the volatility and we have
28:44
conditioned our shareholders, and our bond holders to
28:48
understand that where long-term hot Oilers.
28:50
And because everybody is aligned in that interest, we're able to
28:53
weather that volatility and wind up doing very, very well as
28:56
Bitcoin recovers. Yeah.
28:58
And Bitcoin is recovering know, we're still well off the
29:01
all-time highs. We're up something like 70%
29:03
since it started here. What do you attribute that
29:05
recovery to I think right now there are two twin drivers right
29:11
there. There's the macroeconomic
29:13
concerned about inflation and as and as inflation takes place
29:17
lead people lose confidence, in Fiat currencies.
29:21
And that means they start to realize that everything valued
29:23
on cash flows is a currency derivative and Bitcoin is not
29:27
valued on cash flows, it's in a digital scarcity, the failure of
29:32
the bank's Silver Gate Bank, Signature Bank Silicon Valley
29:36
Bank. Not First Republic Bank causes
29:39
people in the Western World to start to lose a little bit of
29:42
faith in the banking system and they remember that Bitcoin is a
29:45
bank in cyberspace run by Incorruptible software.
29:49
So the phrase be your on bank has emerged as an investment
29:53
idea in the United States. But it's really a matter of
29:57
financial survival elsewhere. And so the combination of that
30:01
of that Concern about inflation and counterparty risk with banks
30:06
is driving Bitcoins adoption. It's also being driven by the
30:10
way, by the crypto Crackdown and as people lose faith in crypto
30:15
exchanges, crypto Securities and cryptocurrencies.
30:18
There's a natural migration of capital from those crypto
30:22
ecosystems and to bitcoin since it's viewed as the risk of
30:26
safe-haven asset of the cryptos. So let's talk about that, right?
30:30
This idea. That be your own bank is
30:33
penetrating into mainstream Consciousness on yesterday's
30:36
episode. We dedicated it to Tim pool,
30:39
right? And how temples said the quiet
30:41
part out loud, he's like I'm watching all these Banks fail
30:45
and F this. I'm going to get myself some
30:48
Bitcoin and I think Michael sailor, hit the nail on the
30:50
head. I think we're finally seeing,
30:52
you know, the the benefits of Bitcoin.
30:54
The idea that you could theoretically store millions
30:59
billions if not trillions of dollars just by Thing down and
31:02
12 to 24 words, seed phrase, you know, completely changes.
31:06
Dynamic, you don't have counterparty risk.
31:08
You don't have o. The this bank is going to rug.
31:11
Pull me, are you? No.
31:12
Are they liquid? Holy cows is, is Janet Yellen
31:15
going to bail out? This bank is my deposit.
31:17
Okay? You don't have to deal with any
31:19
of that, right? All you have to do is take a
31:20
little bit of personal responsibility and take self
31:22
custody. And this image is so powerful.
31:25
Yours First Republic Bank, it was Janet Yellen with the
31:28
famous. You know, you guys all remember
31:30
the Buy, Coin side, it says, be your own bank.
31:33
This is top-of-the-line, the medic Warfare.
31:37
And, you know, it's finally seeping into the paint
31:39
mainstream Consciousness for the average everyday individual, on
31:44
the Tim pool type of level in the mainstream, you know,
31:48
podcast type of circuit but also on the public company realm as
31:52
well. So I don't know, man.
31:54
This is a, this is very, very bullish and I can't wait for the
32:00
next cycle. When on a, on a on an individual
32:06
level on the mainstream Consciousness, people like Tim
32:09
pool saying Bitcoin more and more and more.
32:12
I think it's going to be talked about and other mainstream shows
32:14
as well. We've had Jordan Pederson, bring
32:17
on bitcoiners. A reason I bring up Jordan
32:18
Pederson. I know a lot of people dislike
32:20
them because you know, whether you like them or not, he is
32:22
extremely popular on the internet, right?
32:25
And you're starting to hear those conversations brought up
32:27
more and more and more Bitcoin Bitcoin maybe and then that
32:31
Notably will lead to a very important question, why are we
32:34
being forced to use money that that steals from us?
32:36
Why are we being forced to use money?
32:39
That loses purchasing power over time?
32:41
When we now have an alternative where I'd actually increases in
32:46
purchasing power over time, Michael Sailors, proving that
32:50
clearly on the public company level 9 buchelli is proving that
32:53
on the nation state level. And I think, and during the next
32:56
cycle heading into the next, having it is going to become
33:01
Abel. And there's no amount of
33:03
propaganda, misrepresentation spin that they're going to be
33:06
able to throw at this thing. And people are just gonna be,
33:08
like, you've been lying to me for, like two or three years.
33:12
What are you talking about? No enough is enough.
33:14
I'm going to opt out. I'm gonna take my wealth, my
33:17
energy, my time. I'm gonna take it out of the
33:19
system. I'm gonna put it into my
33:21
custody, but but big, but if you guys are not properly, securing
33:28
your generational wealth and you're storing your Bitcoin seed
33:33
on paper. That's just very, very dangerous
33:37
papers prone to water damage. Fire damage your dog could eat
33:40
it. You want to put your
33:41
generational wealth on steel, and this is the bit plates,
33:45
Domino. It's the best place to do it on.
33:47
It's easy to use hard to destroy, B plays, Domino are
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designed to preserve Bitcoin wallet.
33:51
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33:54
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33:58
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34:01
Temperatures. Your dog is definitely not going
34:03
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34:09
Anyways, I want to bring up our want to bring up my co-host and
34:13
our guests what do you I am I seeing things.
34:16
I'm gonna pass it on to to our guests first Heinrich.
34:20
Am I seeing things? What's your take on?
34:23
Michael sailor, I saw you smile a little bit when when we were
34:26
playing the video. Yeah, I mean, what are the
34:30
comments like that? Winning.
34:31
Mi. And I mean it was like the
34:34
difference between like the around Christmas and now it's
34:37
just like he's proven right in a way.
34:39
So yeah really great comment. I mean I mean, it's it's just as
34:50
I said, like it's becoming like an ETF for Bitcoin.
34:52
And I think as a sort of next Bull cycle approaches and start
35:00
taking off, I think there's a lot of people who's going to
35:03
need some education, really fast to figure out what's actually
35:06
happening and how this technology actually works and,
35:09
and going to learn like, why someone like Michael sailor,
35:13
bought that much going on his strategy.
35:15
Because right now, I think it's a lot of people just feels like,
35:18
it's completely insane. But yeah, yeah, I was going to
35:22
change it after you. What's your take on this?
35:26
Well, it is insane, man. He's got the biggest bag ever.
35:29
Like, what is going on here? But anyways, back to the point.
35:33
I mean, I thought sailor and micro strategies is going
35:35
bankrupt. Guys, like what's going on here?
35:37
You know, it's almost like the mainstream media is just
35:41
continuously lying and fighting Bitcoin.
35:43
But hey, what if we're wrong? On bro, like, get it so wrong.
35:48
Like, at this point, like, like at this point, like, how could
35:51
you take them seriously? At this point, like they get,
35:54
dude, the the never forget this El, Salvador Bitcoin, legal
35:59
tender, a threat to financial stability.
36:01
Argentina. Here's a bailout, but you must
36:03
be intensifies. The adoption of Bitcoin fast
36:05
forward a year later, 104 percent inflation, you can't
36:08
trip. You can't say and and be sincere
36:11
and be honest. And say at this point like these
36:13
people are are are are Interested in telling the truth.
36:16
Like you can't say that and you can't say that's a conspiracy
36:19
theory either like it's just become.
36:21
So apparent that, you know, the Legacy corporate media machine
36:26
are really, it's really a mechanism of controlling the
36:28
narrative. You heard Tucker say it as well,
36:30
it's not just me saying this, right?
36:34
So yeah, man, but you know, I think Freedom wins.
36:37
I think Bitcoins incentives are going to are going to rule the
36:40
day and I think that they don't have anything.
36:42
They don't have anything that can match Bitcoins incentives
36:44
and I think that's Why they will fundamentally lose at the end of
36:47
the day Opti. Yeah, man. 100%.
36:50
I mean, what do we always say here?
36:51
And you said it, you said it a minute ago and we say it
36:54
probably every single day. But sailor will be Vindicated on
36:57
the corporate level buchelli will be Vindicated on the nation
36:59
state level and all you guys out there will be Vindicated on the
37:03
individual level. This next Bull Run.
37:04
It's only a matter of time until the world wakes up to what we
37:09
are doing here as bitcoiners. Like Heinrich said, you know
37:11
it's type of absolutely amazing that people still think we're
37:14
The Crazy Ones. You have, you know, been calling
37:17
this for years now, we see the writing on the wall and I don't
37:21
know, most of my Bitcoin friends have been right and they
37:23
continue to live a prosperous life and it's just it's only a
37:28
matter of time until the biggest corporations and nation states
37:32
in the world realize, and wake up to the idea that they're
37:34
holding melting ice, cubes as sailor says on their balance
37:37
sheet and once they start adopting Bitcoin man gradually
37:42
then suddenly it's going to be a beautiful beautiful.
37:45
Beautiful day. But on another point, there was
37:49
a lot of Bitcoin signal in in that little, that little clip of
37:52
Sailor. And it's something we
37:53
continuously talk about here on the show is that the Bitcoin
37:56
signal, just continuously starts to seep out into the corporate
38:00
press and we like to just keep it as simple as possible, guys.
38:03
You need to be holding Bitcoin, just hot all them Bitcoins and
38:06
you'll be good do not get scammed out of your Bitcoin
38:10
ride. The volatility, the roller
38:12
coaster ride is fun. Take Bitcoin into Cold Storage.
38:15
This is the way and you will live a better life.
38:17
It's as simple as this. It's happened to me.
38:20
I've seen it happen to all my friends, we're seeing it play
38:22
out on corporate level nation state level.
38:25
This is the signal, guys. You just need to hold some
38:27
Bitcoin you. It doesn't matter how much you
38:29
hold. You just need to get off the
38:31
zero fee are the zero Bitcoin. Mark like you just need to have
38:36
some Bitcoin just in case just in case of catches on.
38:39
Absolutely. Amen to that.
38:41
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My DMs are open. If you have any doubts,
39:48
questions, or concerns. Anyways Opti, what are we
39:51
talking about today? My friend, let's go.
39:53
Well, you know what I like to do, guys?
39:56
I like to highlight what our guests are doing, what they're
39:58
working on and we got henrique CEO of Ellen, Capital lightning
40:03
service providers. So I think first and foremost, I
40:06
am kind of trolling on this first question Henry, because I
40:09
do this to all my lightning friends.
40:11
I thought lightning would vaporware, what is going on?
40:13
Well, Lightning scale Bitcoin, definitely, definitely.
40:18
And also, to scale it, we need to scale lightning.
40:22
So companies needs to be able to use this and professional
40:26
industrial sense. That's what we're doing.
40:29
Perfect, love it. So what is torque?
40:32
What are you working on on? Ellen Capital, what is your your
40:34
company's Mission? Yeah.
40:37
So we're actually building the tools that large note.
40:40
Operators need, so LSPs exchanges.
40:45
Yeah. All kinds of large shops for
40:48
example as well. So it is a tool that's meant for
40:51
professionals. It is nothing like it's not
40:54
something you install on your own Braille just to run your own
40:58
node. If you're running a routing
40:59
node, that's a different story that's actually where we started
41:02
as well. But we're transferring now or
41:04
shifting out more into the post PLS P sort of services.
41:08
So as you can see here as well we're supporting multiple node.
41:11
For example, which is also something that's really been.
41:14
Official to these companies because they're for Dunn's is
41:17
purposes. They're of course running
41:18
multiple nodes. Love it.
41:22
So maybe for the, the people out there.
41:24
What exactly is a lightning service provider?
41:27
Yeah, so the definition is, well, the first definition of it
41:33
is. Somebody who provides liquidity
41:36
on the bond. Mostly it's non-custodial.
41:39
So if you have a lightning node and your shop, for example, you
41:43
need to receive Bitcoin. They can essentially open a
41:48
channel on the mound when you need it.
41:50
And Receive that payment directly to yourself.
41:55
You can also use that for example, in will look like
41:58
breeze as well or a different roles using this love it.
42:02
So you said it's for professional lightning node
42:05
operators and I do have your little trailer right here as
42:08
well. So what do you mean by
42:10
professionals? This people like running stores.
42:13
Exchanges wallets. Who is this?
42:16
Angled towards who is your ideal customer?
42:19
Yeah, so yeah. Changes LP.
42:21
So companies and people working in companies maintaining the
42:25
nodes. So typically if they have like a
42:28
million dollars is something on the Node and they have maybe a
42:31
thousand channels then it becomes like it changes a bit.
42:35
It's not like you're looking through individual channels and
42:38
Madam, you need to look at groups of channels.
42:41
Types of channels. You need automation system that
42:43
can handle certain events happening to travels at rapid
42:48
speed. So we're building this This tool
42:52
to so give to save these companies from building a lot of
42:56
these sort of makeshift tools themselves.
42:59
Yeah. It's for the people working in
43:01
these organizations. Love it and a little Easter egg
43:05
in this video. I saw one of the one of the
43:08
lightning note. Operators was named cracking its
43:10
cracking using torque or just just good marketing actually, we
43:15
don't know. So that the video shows the
43:17
different channels that actually my no doubt, okay, okay, okay, I
43:22
awesome. Okay, next thing that I kind of
43:24
want to talk about is we're very big on trying to educate all of
43:29
our friends out there. You know, we do our best but I
43:32
think you guys are doing a great job on your Twitter account.
43:35
I really enjoyed these threads that you guys pulled out and I
43:38
did pull about a couple of them. So I think just adding in to
43:43
what we're talking about, this one right here, lightning will
43:46
eventually scaled, a billions of users but not without the help
43:49
of lightning service providers. And this is the mission.
43:52
So again, back to the original question.
43:54
Well, lightning scale Bitcoin. Definitely, definitely.
43:59
And I mean this red as well as about the fact that like, most
44:03
people won't necessarily want to deal with all the complexity of
44:07
lightning and there's more and more tools old time making that
44:09
simpler. So else peace great, sort of
44:14
service that I think, will grow massively in the next few years.
44:18
So we want to make people a bit more aware of this and Explain a
44:21
bit on what it is and yeah, and the reason of course is that we
44:26
build. Also the tools that I was P
44:28
needs for this but yeah, if you're interested in, what's
44:33
happening, like the industry and and how different concepts work
44:39
or you want to work in Industry than what we try to do with
44:43
these threads, is to take one Topic at a time and dive into it
44:46
and explaining in a way that is easy to Stand.
44:51
Without going too deep into the technical stuff, but at the same
44:53
time, not being too shallow. Absolutely love it.
44:58
Absolutely love it. So, you know how about just like
45:00
a tldr? What is the current state of
45:04
lightning and what are you most bullish on in the lightning
45:08
space right now? I mean the the space is just
45:12
absolutely exploding with new new technology, new protocol
45:17
additions and like third-party protocols as well.
45:21
I think Lisa said it on the conference recently would like
45:26
it. There is a Cambrian explosion in
45:28
companies and like, taking lightning popping up.
45:34
It's hard to say, what some of the coolest new thing is, I
45:37
mean, from our perspectives, by using his very cool new
45:41
possibilities that Taproot is bringing to the table and
45:44
lightning. I just think that just like was
45:47
year ago that the difference a year ago and now in terms of
45:50
Tooling, in terms of new technology, Etc is just massive
45:53
shift. And I think a year in the, into
45:55
the future, it's again, it's just going to be insane to us
45:59
how how much has happened, and how simple it is now versus your
46:04
into the future. Love it, okay?
46:07
I always, I always do my best To push our viewers into my
46:13
favorite wallets. What is your favorite lightning
46:15
while it currently? I mean actually I just used
46:21
torque because I'm okay. Yeah.
46:30
Well to Satoshi actually for the whole games of my home, my
46:34
phone. Okay.
46:36
So no distinction between custodial lightning wallets and
46:40
non-custodial, do you? I kind of I hey I know there's a
46:44
lot of contention out there on Twitter but for, you know,
46:47
pocket change. I think, I think a custodial
46:49
wallet. Lightning wallet is is all good
46:51
by my, by my regards. What's your thoughts on this?
46:55
I mean, there's pros and cons, like, I think we'll see.
46:59
With the increase in, I was beast on the semi custodial or
47:04
non-custodial Alternatives become easier and easier to use,
47:08
as I think it is, sort of a convenience trade-off and some
47:12
countries. Some people don't need sort of
47:15
fully non-custodial. What we truly need is still turn
47:18
to need that, very easy, step to jump into alternative when you
47:21
really need to or if you want to.
47:23
So yeah, both is fine. But of course, better with the
47:26
non-custodial. Love it.
47:30
Agreed. Okay, I like this that I found
47:33
this thread here and hopefully you can tldr this thread for the
47:36
people out there. We've heard very, very recently
47:40
Taproot Taproot has been getting a lot of contention, just not in
47:45
the way that you guys laid out in this thread.
47:47
In regards to you know what it opened up in the possibilities.
47:50
That maybe the unintended possibilities and consequences
47:54
of the Taproot upgrade that we've seen recently, but I
47:58
really like to stir that you put I hear what Taproot unlock for
48:01
Bitcoin privacy. So maybe we can get back to
48:03
some, some benefits of Taproot and and scared away from the
48:07
whole contention going on on Twitter.
48:12
Yeah, it's it's actually Jack on our team is riding these, so he
48:17
should be here next, day's more it.
48:19
But yeah, it's again, back to the two different tools on the,
48:23
the Privacy are tools that are becoming better and what are the
48:27
important things are One of the things I think is really
48:31
important is that we need to build privacy into the protocol
48:35
and the supporting protocols around there.
48:37
Because we have the opportunity Now, to create all these
48:41
protocols, I think it becomes harder and harder as the
48:43
industry growth grows and there isn't really like once people
48:49
are starting to use company, specific tools that aren't
48:53
private or we start to build in non-private features into into
48:57
lightning, it's harder and harder to read.
48:59
Verse that process and to get pricey back so that combined
49:03
with sort of the company's interest to make something
49:05
convenient which often than is a trade-off to privacy again it's
49:12
just we need that those protocol developers and the interest in
49:15
Industry to make this private by default.
49:19
Absolutely love it. I couldn't agree more.
49:22
Well what else is Ellen Capital working on, or what else would
49:26
you like to end this segment with maybe leave believe the
49:29
people. With some wisdom.
49:32
Yeah, I mean in terms of wisdom I mean if you're interested in
49:36
Bitcoin as or lightning, especially want to work in the
49:39
industry just start a small note perhaps a note on drug test or
49:45
something like that and just play around with it because you
49:47
learn a Tom by doing that. There's a lot of Simple
49:51
Solutions to get started with that.
49:53
So I mean, I think again the complexity in the tools are
49:58
growing every day so So if you grow with that technology it's
50:01
much easier to get into it and if you start three years down
50:04
the line, I want to jump into the industry out of time.
50:07
We're just there's so many terms and sort of syntax and like how
50:11
people speak about this is just speeding up and getting more and
50:13
more complex. So, jump in essentially, I
50:16
couldn't agree more. What Cylon Capital?
50:19
What do you guys got in the work?
50:20
Are you guys just fully focused on torque or you guys going to
50:24
roll out some new products as well soon?
50:26
Right now we just fully focused on tort so it's Yeah, it's just
50:31
new features. Absolutely love it.
50:34
Absolutely love it. Alright.
50:35
Well, hey, man, I can't wait to see what you guys do more in the
50:39
future. I can't wait to, you know, make
50:41
sure that lightning is as easy as possible because I remember I
50:45
tried to get on Lightning and, like, 2018, I wasn't smart
50:48
enough to, to like the command was rough.
50:51
It was rough and the Improvement that I've seen in the amount of
50:55
building that I've seen on lightning in the past couple of
50:58
years, it really does. Is make me bullish on lightning
51:01
on scaling Bitcoin, but it's actually hilarious.
51:04
How many shit Corners still end up in rdms and and comment on
51:09
our show. It's like lightning is
51:10
vaporware, bro. Like it's not going to scale
51:12
Bitcoin. And you're like, have you even
51:15
used it because if you did, you would know that your shit coin
51:18
is Dead on Arrival. But hey we're just, you know,
51:21
toxic Bitcoin Maxis and we got her, we got our blinders on but
51:25
hey lightning simpler. Yeah I know it was actually the
51:29
First time I set up a node and so using in read about it and I
51:32
was like, yeah January 2019. I was like my mind just like
51:38
like there was no competition anymore it's like this actually
51:41
truly works even at that point for me was like still so
51:44
rudimentary. And now today's just yeah, it's
51:47
insane. Absolutely, couldn't agree more.
51:51
It, blows my mind still to this day using lightning and just
51:54
seeing how far it comes. But like the thing that gets me
51:57
the most worked up. Is the fact that all the shit
52:01
Corners out there? Still think they have some kind
52:03
of relevancy when we're just like guys Bitcoin fixes this.
52:08
So I can't lightning fixes are so we don't need your shit coin
52:11
narrative to do what we're doing on bitcoin.
52:14
But, you know, kudos to you for building this.
52:16
And shout out to the team. I hope to see you guys succeed
52:20
and also to, you know, blow up lightning even more than it
52:23
already has. So, I mean, excited for the
52:25
future and it's 100% necessary. We need the second layer being
52:30
built. That's 100% 100% sure about that
52:34
and I'm glad that you guys are contributing to that and pushing
52:38
forward, you know, this this Bitcoin future that I think we
52:41
all dream of. Anyways, everybody, let's get to
52:44
the mean review, got a lot of memes to review.
52:47
Let's do it. The daily meme review brought to
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53:20
All right, guys, this is the meme review.
53:22
This is your favorite portion of the show.
53:25
I know, I know you sit through the first 45 minutes and usually
53:28
just tuned in for the memes because we feature here, meme.
53:31
So tag me on Twitter, drop, the memes in our telegram group, and
53:37
I will find the best one to again, I can't get to all of
53:41
them, but I do put them in our show notes and I'll get to them
53:44
as soon as possible. But tweet to the bullets memes
53:49
are the artillery. We are in an information War
53:51
guys. It's never become clear and it
53:53
becomes clearer and clearer every single day that you guys
53:57
are on the right side and you need to wake up your friends and
54:00
family out there and the best way to do this and I'm stealing
54:03
the quote from George Carlin. The best way to wake people up
54:06
and tell them the truth is make them laugh or else.
54:09
They will kill you. So get the means out there, get
54:12
the calls of actions out there. Make sure people understand why
54:15
you do what you do. You ridicule the corporate
54:17
press. These are all tools in our tool
54:20
bag. Anyways, anyways, the first me
54:22
maybe I should have waited for this one for tomorrow, but hey,
54:25
I have it up here and this is by our friend, our DB T C.
54:29
And we got the, the Tweet here by the Council of economic,
54:33
advisers AKA @whitehouse CA and it is them dropping the news
54:39
that everyone was freaking out about that Nico covered in the
54:41
beginning about, you know, them taxing, Bitcoin mining, and we
54:45
got this fun. Bob Meme here and we got the
54:47
tweet and SpongeBob looking at the tweet and he's all
54:50
distraught. Like what in the hell is this?
54:53
And then he throws the tweet in the fire and it burns and he's
54:55
got laser eyes because it's absolute trash.
54:58
Absolute trash. Okay.
55:00
This next one is by toxic at 27 chest out the toxic at.
55:04
He's all over the telegram group and we got the classic.
55:08
I don't know, dude, grabbing nor me grabbing a balloon.
55:11
So we got a normie, grabbing the balloon and the balloon is
55:14
currency in the bank. And then we got the guy behind
55:19
him, going more Banks failing than 2008 and then Army looking
55:22
back, scared, as he grabs his currency quote, unquote, in the
55:26
bank, probably not there. Anyways, its next meme is by a
55:30
beauty on and when Beauty on puts his hat in the meme game,
55:33
you know, I put it up on the show because he always kind of,
55:37
you know, it's critical on our mean game but hey, he's putting
55:41
his hat in the ring. So you should too.
55:43
And you guys Bitcoin to the regulation, East has Has.
55:46
And we got a big hand here. That is my constitutional rights
55:50
flicking. A person off the cliff, and the
55:53
person is your feelings. My constitutional rights
55:56
supersede, your feelings sorry. Not sorry.
56:00
Anyways, its next name is bai at to local to and he just goes
56:03
hashtag Bitcoin and we got the classic Wolverine laying in bed
56:07
and he's she's super sad and he looks at the screen, and the
56:12
screen is the mempool fees. Shouts.
56:17
Ow trip to one set. Once that perfect little bite
56:21
fees. Are we ever going to clear the
56:24
mempool again? I don't know, but every time
56:26
Odell says that we clear the mempool.
56:28
So hopefully we see one set fees again man.
56:33
Honestly neither did you see then yesterday?
56:34
They were like 120. It was absolute Madness.
56:38
Yesterday. Absolutely crazy.
56:40
I did get a dip transaction. Go through yesterday.
56:52
Look, I'm willing, I'm perfectly willing to pay $100.
56:56
That's fine, you know, eventually maybe when fees are
57:00
get there, but that's exactly why we have, you know, we have
57:03
entrepreneurs, like, Heinrich, right.
57:05
Building on the second layer is why the second layer is so
57:08
important, right? Because you're gonna pay $100
57:11
for a coffee, you know, is it going?
57:13
Is it be more than the coffee itself?
57:15
Wait, wait. Here, Roger ver screaming in the
57:18
background right now. So no, this is a no seriously.
57:23
Like, this is why what Heinrich is doing is so vital.
57:26
We have to build out the second layer, can't emphasize that
57:29
enough Sailors. Focusing a focusing on this as
57:32
well, right? Anyways, anyways, I waited till
57:36
this morning and got a 20s at fee through.
57:39
So shout out to you Nica, you the real MVP.
57:42
Anyways, its next move is by Lynn Alden, AKA at Lynn Alden
57:46
Act on Twitter and we got the, the classic old man, you know,
57:50
smiling in pain Meme and he looks at his computer goes banks
57:54
are risky. So I stuffed everything into
57:56
treasuries and then it looks at you and smile, which then
57:59
defaulted, this is why you need to hold Bitcoin.
58:02
This is why corporations around the world will start holding
58:05
Bitcoin. This is why even government will
58:07
hold Bitcoin. It is what it is.
58:09
Just make sure you stack ahead of them guys.
58:11
You guys have the asymmetric knowledge today and the
58:14
understanding to know why you should be stacking.
58:16
So get your friends and family stacking as well.
58:18
Anyway, it says, next meme is by the BTC therapist and he goes
58:22
the cycle That Never Ends hashtag BTC.
58:25
And we got the first first point here it goes government
58:28
overreach and then it leads into number 2, which is questioning
58:31
money. Which leaves in the number
58:32
three, you study Bitcoin which leads to number four, which
58:36
means you adopt a superior money, AKA Bitcoin and then
58:39
leads to number five, which is you educate others.
58:42
So that they also go down the rabbit hole and get Into this
58:46
cycle. And then this last name is bai
58:49
at Francis. Pull it shuts.
58:50
Out the Francis and you know, you know, anytime I see a
58:54
Bitcoin miner post a meme or a gif about someone in Bitcoins, n
58:59
meditating on their stack, on the proper way to make it
59:03
through the separation of money is State.
59:05
I put it on the show. Anyways, we got this GIF over
59:08
here. Have a guy sitting by the
59:10
waterfall meditating and it goes improve.
59:12
Self, custody, promote Bitcoin, only keep Bitcoin didn't steal.
59:16
July's. This is the way boys and girls
59:19
boys and girls. Boys and guys, boys and boys.
59:25
All right guys, drop your knees. Just got chat as we cover hours
59:31
live, okay. My meme review score today is do
59:36
this. It might be an invisible lighter
59:38
and invisible, lighter and invisible barbecue style
59:41
starter. Okay, it's heads, actually,
59:44
fluorescent green, but it's invisible.
59:46
Isabel. I'm gonna give it a.
59:47
Not just a lot over Crowder mug, but a ladder with Crowder mug,
59:52
with a bunch of things things inside.
59:57
Yeah, that's my score. Anyways.
59:59
Henrik, what would you give those memes?
1:00:02
I mean the remote, the heater fan which absolutely killed my
1:00:08
electricity electricity bills this winter so.
1:00:12
Yeah, still not, haven't fully financially recovered from that.
1:00:15
One needs a space heater. Was that was is that a 3D
1:00:19
printer in the back? Oh yeah, definitely.
1:00:23
I'm just gonna get another one as well.
1:00:25
Let's go 3. Now it's is a Bruiser.
1:00:31
Oh, I want one of those are so bad.
1:00:33
I-i'm gonna buy one, I'm buying one very good that they have.
1:00:37
The new will now that the for Workforce go very, very cool.
1:00:40
Alright, everybody, before we start reading the meme review
1:00:44
scores opting, I want to give a very special shout-out to our
1:00:46
clothing sponsor Opti night, where the merge every single
1:00:49
day. The simply Bitcoin marriage
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chopped. He's wearing the classic black
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So check out the represent LTD.com website, get it while
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supplies last you can use promo code simply Dash Bitcoin get
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yourself a 10% discount alright Opti let's get to some of the
1:01:10
meme scores but first cue the epic music.
1:01:19
All right, the p man. Band Score, 1, Roger ver, middle
1:01:22
finger Rage Quit. We should have that video like
1:01:26
just like as part of our b-roll like how you have the Alex
1:01:29
Jones? Yeah we just have to have that
1:01:32
one casein. Gives it my meme review is the
1:01:35
Bitcoin fees when it was at 164 SATs wolf.
1:01:39
Yeah that was crushed. This is why lightning exists
1:01:42
Elaine Lowell says a meme that fills the screen with Sailors
1:01:46
smile. Now words necessary.
1:01:49
But okay. Okay, let's wait, I don't know.
1:01:54
Yeah, you can you can say this one.
1:01:55
All right, I gotta I gotta screen off these Big Macs coin
1:02:01
while it's me and review scores. Oh man, opt he's Big Mac coin
1:02:05
wallet score. Penetrating normies with Bitcoin
1:02:07
propaganda their minds. I mean, I wouldn't call it
1:02:10
propaganda. Oh, just say the truth that
1:02:11
McLovin I give the memes allergy medicine for Opti to You almost
1:02:22
filtered one and then the one you almost filtered one and then
1:02:29
sorry I didn't mind Mike Hobart. I give the memes a fresh cup of
1:02:33
coffee with a dose of locally, sourced, honey, to cure all
1:02:36
these allergies. All right?
1:02:38
Are we okay guys? Thank you.
1:02:45
Oh, one more, it's basic biology.
1:02:47
I give the memes. 100 gross. Self-sealing stem bolts.
1:02:51
Okay, okay. Very I like that.
1:02:53
Very creative. All right guys, thank you so
1:02:55
much for joining us on another episode of Simply Bitcoin live.
1:02:59
We really appreciate it, but before we going to give up very
1:03:01
special shout-out to Our Guest. Thank you so much for joining us
1:03:05
today Heinrich really appreciate it.
1:03:07
Why don't you tell everybody where they could find you on the
1:03:09
interwebs? Yeah, thanks for having me.
1:03:13
Yeah so Ellen capital l n underscore Capital, which is on
1:03:16
screen now and my handle is Oah scope.
1:03:20
Strum hard to pronounce if you're not in region.
1:03:23
So yeah, you can search a bit but I really appreciate you
1:03:26
coming on the show, man, and keep on the good fight because
1:03:29
we do need. We need that that second layer
1:03:32
needs to be built out and entrepreneurs, like, you are
1:03:35
instrumental to that process. Anyways, guys, thank you so much
1:03:38
for tuning in to another episode of Simply Bitcoin live.
1:03:41
We really appreciate if you enjoyed the show, make sure to
1:03:43
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1:04:02
Anyways we love you all will see you tomorrow for another episode
1:04:05
of Simply Bitcoin live at 12:15 p.m.
1:04:09
Eastern Standard Time. See you guys later.